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EURUSD only

  • #113,421
  • Aug 12, 2020 8:26am Aug 12, 2020 8:26am
Hope that this 4hr session belongs to the bear
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May the odds be ever in your favor
  • #113,422
  • Aug 12, 2020 8:31am Aug 12, 2020 8:31am
1hr close below 1.1793, sells are good.
  • #113,423
  • Aug 12, 2020 9:07am Aug 12, 2020 9:07am
Quoting sartu
testing short @1.1785 SL 1.1800 TP open
Closed manually with +10 pips
  • #113,424
  • Aug 12, 2020 9:08am Aug 12, 2020 9:08am
Haha, same scheme as last week:
- good numbers from USA
- USD goes down to hit the S/L from shorts
- then the USD goes up with some delay
  • #113,425
  • Aug 12, 2020 9:08am Aug 12, 2020 9:08am
I am tired today ... in this scam bisnis
The Average Discount Everything
  • #113,426
  • Aug 12, 2020 9:09am Aug 12, 2020 9:09am
Quoting ursinho4711
Haha, same scheme as last week: - good numbers from USA - USD goes down to hit the S/L from shorts - then the USD goes up with some delay
true.. SL got hit
  • #113,427
  • Aug 12, 2020 9:25am Aug 12, 2020 9:25am
Quoting Traderview
1hr close below 1.1793, sells are good.
Sold 1.1793
  • #113,428
  • Aug 12, 2020 9:36am Aug 12, 2020 9:36am
Я торгую сравнительно недавно, опытные ребята мне говорят, есть ли вероятность выхода на максимальное обновление и что делать, если они сегодня не пойдут к 1.17?
  • #113,429
  • Aug 12, 2020 9:43am Aug 12, 2020 9:43am
Hi Guys,

I am getting subtle bullish hints on the 4hr time frame, but don't want to get ahead of myself. Buy trades were opened with tight stops. It has been difficult trading with ranging conditions.

Trade safe.
Cheers
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Trade to trade another day
  • #113,430
  • Aug 12, 2020 9:47am Aug 12, 2020 9:47am
there's something I cant understand. till now all data (news) that came out today are positive for the USD, but still EURUSD went up.
I was expecting it to go below 1.17
Does anyone have an explanation for this up movement today?
  • #113,431
  • Aug 12, 2020 10:06am Aug 12, 2020 10:06am
Quoting Said1
there's something I cant understand. till now all data (news) that came out today are positive for the USD, but still EURUSD went up. I was expecting it to go below 1.17 Does anyone have an explanation for this up movement today?
Reading too much into the news never a good thing.

Cheers.
Trade to trade another day
  • #113,432
  • Aug 12, 2020 10:10am Aug 12, 2020 10:10am
Seems to me the spike was a stop loss run. Caught a short at 1.18108, sl open, tp at 1.1740
  • #113,433
  • Aug 12, 2020 10:10am Aug 12, 2020 10:10am
Quoting Said1
there's something I cant understand. till now all data (news) that came out today are positive for the USD, but still EURUSD went up. I was expecting it to go below 1.17 Does anyone have an explanation for this up movement today?
Its simple.
if the forex were predictable, everyone can win.
The technical analisys often stronger than fundamental
..and we have covid, trump, covidtrump, Etc..
  • #113,434
  • Aug 12, 2020 10:12am Aug 12, 2020 10:12am
Quoting schaos21
Seems to me the spike was a stop loss run. Caught a short at 1.18108, sl open, tp at 1.1740
that was, “where can close the H1 candle run” (and some sl and PA)
  • #113,435
  • Aug 12, 2020 10:17am Aug 12, 2020 10:17am
Quoting Wavegarrick
Hi Guys, I am getting subtle bullish hints on the 4hr time frame, but don't want to get ahead of myself. Buy trades were opened with tight stops. It has been difficult trading with ranging conditions. Trade safe. Cheers {image}
ur analyze is same as me, my TP is 1858
  • #113,436
  • Aug 12, 2020 10:37am Aug 12, 2020 10:37am
Quoting Said1
there's something I cant understand. till now all data (news) that came out today are positive for the USD, but still EURUSD went up. I was expecting it to go below 1.17 Does anyone have an explanation for this up movement today?
The market is always technical.. News is just a driving force to the intended direction.
As I mentioned in the morning, the bulls target is 1.27618(could increase a bit if this month doesn't achieve it). A monthly trendline that has been the cause of the downtrend was broken, last week was a retest to the the broken trendline which is now acting as a Badass support.
Last week took out last 2 week's high before the last minute sell off thereby indicating bull continuation. The principle of up trend is higher lows and higher highs... That's why I said that If last week's low wasn't breached, the bullish target is valid.
For those that will need a picture to clarify what I have said, take a look at this video
Inserted Video
Risk comes from not knowing what to do
  • #113,437
  • Aug 12, 2020 10:47am Aug 12, 2020 10:47am
Quoting Said1
there's something I cant understand. till now all data (news) that came out today are positive for the USD, but still EURUSD went up. I was expecting it to go below 1.17 Does anyone have an explanation for this up movement today?
Most retail traders are short.
Thats why prices will rise.
Take a look at IG website.

https://www.dailyfx.com/sentiment
https://www.dailyfx.com/forex/techni...ment-1823.html
  • #113,438
  • Aug 12, 2020 10:49am Aug 12, 2020 10:49am
Quoting 3Davy
{quote} Most retail traders are short. Thats why prices will rise. Take a look at IG website. https://www.dailyfx.com/sentiment https://www.dailyfx.com/forex/techni...ment-1823.html
But if most traders go short the price should go down?
  • #113,439
  • Aug 12, 2020 10:53am Aug 12, 2020 10:53am
Quoting Said1
{quote} But if most traders go short the price should go down?
He said retail traders, pay attention. We represent an insignificant amount of volume.
  • #113,440
  • Aug 12, 2020 10:54am Aug 12, 2020 10:54am
Quoting Said1
{quote} But if most traders go short the price should go down?
Retail trades volume is small compared to the market makers
Risk comes from not knowing what to do
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